Spike Rules
How do we trade a Spike? Here are some simple rules to trade a spike Upward spike A price opening below an upward spike would be considered negative since the price probe or spike was rejected leaving a selling tail. An upward spike rejected can be used to sell into the market with […]
Profile charts for 21st July
The Prime Levels for tomorrow are possible areas of demand and supply and the same are uploaded in an excel sheet here. The most important number to watch in the sheet is Prime Point Zero or (PP0) which is the level where the market is neutral for the day.A market below PP0 and moving lower […]
Orderflow BN
Here is the OrderFlow chart of BN for the past 2 days. We use this mechanical trading system in line with the analysis and the knowledge we have from Market profile.The OrderFlow is a conservative estimate of the buying and selling power of the market intra day, with a red denoting sellers in control.Once a […]